The investment is its biggest-ever in Germany.
- The deal is valued at $48.7 billion.
Its net profit for H1 was $474 million.The company also reaffirmed its intention to pay a total dividend of 16.2 fils per share for 2025.
Since its June 2022 IPO, Borouge shareholders have approved $4.24 billion in dividends.
Geneva, Switzerland -- Shenzhen-Hong Kong-Guangzhou has overtaken Tokyo-Yokohama to become the world's top cluster for innovation, the United Nations said...The UN's World Intellectual Property Organization (WIPO) said the Chinese cluster had leapfrogged its Japanese rival in its 2025 Global Innovation Index.
The change at the top of the world's 100 leading innovation clusters was down to WIPO broadening the criteria to include VC investments to formulate the annual rankings.
GENEVA, 31st August 2025 (WAM) -- The International Air Transport Association (IATA) said Sunday that global passenger demand grew by...Total capacity, measured in available seat kilometers (ASK), was up 4.4 percent year-on-year.
Capacity was up 5.8 percent year-on-year, and the load factor was 85.6 percent (-0.4 ppt compared to July 2024).
- Beijing, China -- China's factory output ticked up in August but still recorded a fifth straight month of contraction, official...
The Purchasing Managers' Index -- a key measure of industrial output -- was 49.4, the National Bureau of Statistics (NBS) said, up slightly from 49.3 in July.
The last time China recorded a figure above 50 -- indicating growth -- was in March.
- Dubai, UAE -- The United Arab Emirates has continued to attract global companies looking to establish regional or global headquarters....
This trend is supported by the country's legislative and digital infrastructure, as well as its strategic location.
A report from the Kearney Foundation ranked the UAE second among emerging markets in its "FDI Confidence Index 2025."
- San Pedro, United States -- Floating blue paddles dance on the waves that lap a dock in the Port of Los...
Floating paddles on a dock move with the waves, causing hydraulic pistons to push a fluid.
The pressurized fluid then spins a turbine to generate electricity.
ABU DHABI – Abu Dhabi National Oil Company (ADNOC) has sold a 3 percent stake in its logistics and shipping...The placement of 222 million shares to institutional investors was significantly oversubscribed by seven times within a four-hour accelerated bookbuild.
The transaction, priced at AED 5.25 per share, will increase ADNOC L&S’s free float to 22 percent, a key step toward achieving MSCI index inclusion.
- Beijing, China -- A dozen furry dolls strung together on a metal chain dangled from Labubu fan Maki Li's neck...
Made by Chinese toymaker Pop Mart, the fanged creatures have taken the world by storm, adorning the handbags of celebrities such as Rihanna and Dua Lipa.
Last month, commerce minister Wang Wentao used the toothy-grinned dolls as an example of "new forms of consumption.
Ajman, UAE -- Real estate transactions valued at AED 1.48 billion ($381 million) were recorded in Ajman in July 2025....Commercial properties accounted for the largest share of the total valuation value at AED943 million.
Residential properties amounted t AED198 million, while industrial properties ranked third with a total of AED336 million.
Riyadh, Saudi Arabia -- Saudi Arabia’s non-oil exports rose by 17.8 percent in the second quarter of 2025, according to...The increase included a 46.2 percent rise in re-exports, while national non-oil exports excluding re-exports grew by 5.6 percent.
In Q2 2025, a 15.8 percent decline in oil exports dragged total merchandise exports down by 7.3 percent year-on-year.
